I know many people complain about Bank of America. I saw this stamp on the back of the check I wrote for my 2010 federal income tax.
Apparently the IRS took my check and deposited it in US Treasury’s account with Bank of America. It makes Bank of America true to its name.
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Random Poster says
Does the US government still own part of B of A? If so, isn’t this basically saying that the Treasury is putting its money in its mattress?
Harry Sit says
No, not any more. B of A paid back the TARP money in December 2009.
Truly too big to fail, I guess. 😉